If I got 130 (if that is a normal spec) by adjusting the valves I think I would run it unless rescission was a known issue with your engine... It sounds like you know were you are at no doubt its not like you are putting your reputation on the line with a customer....
I have a 60 140 Farmall that I brought 5 years ago,, its always been a tad under-powered, smokes some... I use it maybe 4 hr. a year,,, It was not running when I got it I cleaned the fuel system got it going and its useable.. I got caught up a mo are so ago so got all the little thinks fixed up and went after the leaking valve cover gasket... While their checked the valves and all the exhaust were to tight no clearance,,, adjusted them the smoke is gone and power is back... I don't plan to do anything else to it unless I run out of something to do... Now am I wrong to think this way... If smoke and power become a issue I will go into it....
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Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
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